| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $598M | $537M | $524M | 11.3% | 14.1% |
| Op. Income | $49M | $27M | $23M | 83.9% | 115.3% |
| Gross Margin | 16.9% | 14.4% | 14.5% | 2.5pp | 2.4pp |
| Net Margin | 3.2% | 0.8% | 0.7% | 2.4pp | 2.5pp |
| EPS (Diluted) | $0.19 | $0.04 | $0.04 | 377.4% | 417.7% |
| Free Cash Flow | -$9M | -$54M | -$60M | 83.1% | 85.0% |
| Item | Amount |
|---|---|
| REVENUE | $598M |
| Cost of Revenue | $497M |
| GROSS PROFIT | $101M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $52M |
| Cost & Expenses | $549M |
| OPERATING INCOME | $49M |
| Interest Income | $4M |
| Interest Expense | $10M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $26M |
| EBIT | $49M |
| EBITDA | $75M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $598M |
| Cost of Revenue | $497M |
| GROSS PROFIT | $101M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $52M |
| Cost & Expenses | $549M |
| OPERATING INCOME | $49M |
| Interest Income | $4M |
| Interest Expense | $10M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $26M |
| EBIT | $49M |
| EBITDA | $75M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$370.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $4.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$404.0K |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$958.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $504M |
| Short-Term Investments | $6M |
| Net Receivables | $585M |
| Inventory | $209M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $653M |
| Goodwill | $34M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $102M |
| TOTAL NON-CURRENT ASSETS | $790M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $151M |
| Short-Term Debt | $46M |
| Deferred Revenue | $119M |
| Other Current Liabilities | $61M |
| TOTAL CURRENT LIABILITIES | $615M |
| Long-Term Debt | $700M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $85M |
| TOTAL NON-CURRENT LIABILITIES | $998M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $28M |
| Additional Paid-In Capital | $128M |
| Retained Earnings | $1.4B |
| Treasury Stock | -$576M |
| Accum. Other Comp. Income | -$385M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $545M |
| Minority Interest | $6M |
| TOTAL EQUITY | $551M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $959M |
| Net Debt | $455M |
